ES Journal Archive (2006 - 2008)

BoyBrutus · Oct 3, 2008

Quote from Lawrence Chan:

Don't you guys find it funny that both down side gaps are not filled from this week?

Where all the upside gaps are taken care of.

This can only mean one thing!

Zodiac4u · Oct 3, 2008

Quote from BoyBrutus:

This can only mean one thing!

Probably a double bottom some where!

volente_00 · Oct 3, 2008

Quote from volente_00:

or a stop run on those set right around previous lows to kick some program selling in ?

That's my story and I'm sticking to it.

:eek:

wave · Oct 3, 2008

I can't imagine how many went long on the bill passing.

Probably time to buy now maybe 1113.

newguy05 · Oct 3, 2008

i am very surprised by the strength of the sellout, we just hit the open 1115ish

you did think the bailout failed with this kind of selloff.

edit: holy crap, it's crashing

ggoyal · Oct 3, 2008

here we go.

wave · Oct 3, 2008

Quote from newguy05:

i am very surprised by the strength of the sellout, we just hit the open 1115ish you did think the bailout failed with this kind of selloff.

edit: holy crap, it's crashing

10-03-08 01:11 PM

I smell a crash above 1163.

Lawrence Chan · Oct 3, 2008

Once the probability of closing above upper range of the week failed, there is no reason not to liquidate positions to raise cash to deal with redemption over the weekend.

wave · Oct 3, 2008

There go the longs under 1113.

riaamaan · Oct 3, 2008

The bailout bill is not good news...no matter what anyone says. It spells long term financial doldrums if the history of Japan is any guide.